The euro area could provide a positive growth surprise in 2015. Lower oil prices, ECB QE and the weaker euro should help. Assuming of the gains in real income are spent and only a negligible recovery in business investment, we think the euro area could achieve 1.5% GDP growth in 2015. That might not sound like a lot but Mario Draghi and his colleagues at the ECB would gladly take it given where they seemed to be heading a few months ago. And it's another reason why we recently upgraded our outlook for European equities. (LSR Daily Note 16th February 2015)
Euro area growth 1.5% in 2015.